Did India's Capital Control Regime Insulate It from the Asian Financial Crisis? : Some Preliminary Observations

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概要

• 論文の詳細を見る

• While India was not entirely immune to the Asian financial crisis of l997-98, it was less affected by other countries in the region. To what extend India's relatively closed capital account regime insulated it from the financial contagion raging in its midst? This paper illustrates that although India's strong foreign exchange reserves position, the flexible exchange rate policy, the large size of the domestic markets and the relatively weak trade and financial linkages with the international economy wereimportant factors in reducing financial market contagion and trade spillovers, it was India's comprehensive capital control regime which was crucial in reducing the country's external vulnerability.

• 法政大学の論文

著者

• Sharma Shalendra

  College Of Arts And Sciences University Of San Francisco

関連論文

• Did India's Capital Control Regime Insulate It from the Asian Financial Crisis? : Some Preliminary Observations

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